NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in FleetCor Technologies, Inc. (“FleetCor” or the “Company”)
(NYSE:FLT) of the August 14, 2017 deadline to seek the role of lead
plaintiff in a federal securities class action that has been filed
against the Company.

If you invested in FleetCor stock or options between February 5, 2016
and May 2, 2017 and would like to discuss your legal rights, click
here:www.faruqilaw.com/FLT.
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll freeat
877-247-4292 or at 212-983-9330 or by sending an e-mail torgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Northern
District of Georgia on behalf of all those who purchased FleetCor
securities between February 5, 2016 and May 2, 2017 (the “Class
Period”). The case, City of Sunrise General Employees' Retirement
Plan v. FleetCor Technologies, Inc. et al, No. 17-cv-02207 was filed
on June 14, 2017, and has been assigned to Judge Charles A. Pannell, Jr.

The lawsuit focuses on whether the Company and its executives violated
federal securities laws by failing to disclose that the Company uses
obscure fees to overcharge customers and engages in predatory business
and sales practices.

After having announced on December 19, 2016 that Chevron would terminate
its long-term contract with FleetCor, the Company announced positive
financial results for the fourth quarter of 2016 in an earnings call on
February 8, 2017. During the call, CEO Ronald F. Clarke touted the
Company’s performance, future growth, and current products while
mentioning that the Company would help Chevron transition to its new
supplier.

Then, on March 1, 2017, Capitol Forum released an investigative report
claiming that the Company overcharges customers using strategies that
obscure the fees in transaction reports as well as in marketing
materials.

Then, on April 4, 2017, Citron Research published its investigative
report accusing the Company of conducting predatory business and sales
practices, citing the Company’s conduct as the reason for Chevron’s
departure. Citron Research published a follow-up report on April 27,
2017 claiming that the Company has developed an algorithm which ranks
customers in terms of how acquiescent a customer can be to extra fees
without complaint.

Finally, on May 3, 2017, Citron Research reported on a lawsuit filed on
May 1, 2017 against FleetCor by Chevron, which claims that FleetCor has
obstructed Chevron’s transition to its new supplier by denying access to
its fuel card portfolio. As this news have hit the market, the Company’s
stock price has suffered, causing damage to investors.

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
FleetCor’s conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.

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